Interros has taken the decision to branch out its Cinema Park chain, previously part of the Profmedia holding company, into an independent business. Representatives from Profmedia and Interros are to sit on the Board of Directors which will take care of the strategic management of the company.

This is not the first time that Mr. Deripaska tries to discredit Vladimir Potanin, Interros company and Norilsk Nickel in courts of various jurisdictions. Every businessman is free to choose his own style of conducting business even up to a corporate blackmail and builds himself a reputation. We do regret that such businessmen put their own ambitions higher than reputation of Russian business and Russian Federation.

Interros, the Federal Air Transport Agency (Rosaviatsiya (RosAviation)), the Federal Customs Service of Russia, the Krasnoyarsk region administration and AirBridgeCargo Airlines, LLC will join forces to develop a modern international transportation and logistics hub on the basis of the existing cargo terminal at Yemelyanovo airport.In the framework of the project Interros intends to supply the cargo terminal with the necessary apron equipment, introduce modern standards of cargo handling and processing, as well ensuring the terminals capacity expands in line with the growth of cargo traffic.

The AGM of MMC Norilsk Nickel took place June 21st. Four Interros representatives were elected to the Board of Directors: Sergei Barbashev, Andrei Bougrov, Marianna Zakharova, Larissa Zelkova. The rest of the Interros votes were given to the independent directors B.Mills and E.N.Banda, recommended by ISS/Risk Metrics, who also were elected to the Board. On the first Board meeting Interros representatives supported the proposal of independent directors to elect A.Bourgov as Chairman of the Board. The unique professional experience and many years of Norilsk Board membership give reason to believe that under Mr.Bougrovs leadership the Board will concentrate on the Norilsk Nickel strategy.

The biggest national cinema chain Cinema Park has announced today the acquisition of 100% of Rising Star Media shares (operates under the brand name Kinostar de Luxe) from UFG Private Equity, owned by Shari Redstone and Paul Heth. By the end of 2011 Rising Star Media will be fully integrated into the Cinema Park chain. The acquisition was financed by Interros shareholder Vladimir Potanin.